Outmarket Secured $34.5 Million in Series B Funding
The AI startup reached a $355 million valuation to expand its insurance automation platform.
Updated on Sept. 28, 2026 in Startups
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Outmarket has successfully raised $34.5 million in a Series B funding round led by SignalFire. This investment brings the AI-driven insurance automation startup to a total valuation of $355 million.
Why it matters
The insurance industry remains highly dependent on manual administrative tasks, creating significant overhead for brokers. Outmarket aims to modernize this sector by utilizing AI to streamline paperwork and simplify the recommendation of complex commercial policies.
Outmarket secured $34.5 million in Series B funding, doubling its momentum since a $17 million Series A round earlier this year. The startup currently serves over 300 insurance agency customers.
The players
Outmarket
This startup provides an AI-powered platform designed to automate administrative processes for insurance brokers.
SignalFire
This venture capital firm acted as the lead investor in the company's recent Series B funding round.
Vishal Sankhala
He is the founder of Outmarket who launched the company in late 2023.
The details
Outmarket uses artificial intelligence to automate labor-intensive paperwork and assist insurance brokers in evaluating complex coverage options. The company currently manages automation for approximately 250 different types of insurance coverage.
Timeline
Outmarket was launched in late 2023.
The company raised its $17 million Series A round four months ago.
The $34.5 million Series B round was finalized in September 2026.
Market Landscape
Outmarket's growth underscores the ongoing digital transformation within the U.S. commercial insurance brokerage market. This move positions the startup to compete for greater market share against entrenched manual processes that still dominate 95% of insurance sales.
The automation of brokerage paperwork may lead to faster policy issuance and more efficient customer service for insurance clients. As more agencies adopt the platform, commercial policyholders can expect a more streamlined experience when tailoring complex coverage plans.
The takeaway
The successful capital raise highlights the high demand for AI tools that address the specific complexities of commercial insurance. Investors are signaling that automating human-led administrative tasks is a key strategy for scaling insurance services in the United States.
Further reading
For additional context on the emerging landscape of automated business tools, visit our Startups section.
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Do you trust AI to handle complex tasks currently managed by human insurance agents?
